So what should we think about gold in the future? During the ongoing Palestinian-Israeli conflict, risk aversion remains high, rising unemployment rates and poor non-agricultural data, the labor market is not as strong as expected, and inflation remains high, all of which will support gold's strength or rise in the medium term. The general trend of gold remains bullish, so the scope of the short-term decline is limited. In the short term, we will pay attention to the two positions of 1948/1953. Our short order is planned to take profits at 1953, and we also plan to place it at the two positions of 1953 and 1948. To go long, enter the market in batches and just bring a stop loss trade.
xauusd:sell1970-1966 TP1953-1955
xauusd:buy1953-1948 TP1968-1975
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